Key Investment Insights
AI generated. Confirm details with the seller.
1. Net profit of $456,703 per annum, including a CPI indexed Body Corporate salary of $291,150.
2. Secure standard module caretaking agreement with nine years remaining.
3. Management portfolio includes 53 permanent rentals and three external lets.
4. Freestanding four bedroom manager’s residence on its own title, valued at $1,110,000.
5. Residence includes two bathrooms, two car spaces, modern living areas and a large private yard.
6. Excellent systems, flexible working hours and minimal office requirements support lifestyle friendly operations.
7. Caretaking tasks can be outsourced, providing operational flexibility for the incoming owner.
8. Established permanent complex comprising 131 units in Tweed Heads South, Northern NSW.
9. Potential to expand the letting pool within a complex containing 73 owner occupier units.
10. Complex amenities include a pool, gym, BBQ area and WiFi.
11. Pets are permitted at the manager’s residence.
Management Rights Multiplier: 4.73
ROI Estimate: 13.97%